BOSTON (WWLP) - A new report suggests local parks and open spaces are a great return on investment. 22News explains how green spaces can create jobs.
For every dollar Massachusetts invests in land conservation, the state sees a $4 return on investment. That's according to a new independent study released by The Trust for Public Lands.
The study takes a look at more than 130,000 acres of state protected parks, beaches, forests and farms and calculates how the state benefits from them.
It was found that protected lands support jobs in tourism, outdoor recreation, farming, forestry and commercial fishing.
Jessica Sargeant, Director of the Trust for Public Land, told 22News, “One million dollars invested in Gateway City parks will create 14 jobs, which is a much higher job creation rate than we've seen in comparable investments.”
Sec. Richard Sullivan, Energy & Environmental Affairs, said, “You've seen investments in their cultural assets in Pittsfield, you see new restaurants coming in, so it does in fact work because when you ask people why they live in Massachusetts, they will talk about the quality of life.”
The study estimates that the outdoor recreation industry generates $10 billion in consumer spending annually, nearly $740 million in tax revenue and supports 90,000 jobs.